In my earlier article “Banks vs REITs: Which is a Better Investment Now?”, I argued that both Singapore banks and well-managed Singapore REITs can be good options for generating passive income.
In this latest article I wrote for The Smart Investor, I explore two additional Singapore companies beyond banks and REITs: HRnetGroup Ltd (SGX: CHZ) and The Hour Glass Limited (SGX: AGS). Both companies have a long history of profitability, strong balance sheet, and a consistent record of paying dividends to shareholders.
Click on the image below to read the full article.
Short-term Pressure, Long-term Growth Potential
If 2023 was a “challenging year” for HRnetGroup, 2024 has been a “gritty year” so far, according to Adeline Sim, the company’s executive director and chief legal officer.
– The Edge Issue 1145
The slowing market then began showing up in the primary, new watch market nine months later. By the first quarter of 2024, most major markets were either shrinking or eking out anaemic growth.
– The Hour Glass Annual Report 2024
The Hour Glass also felt the onset of this downturn in something as simple as interest‑registration for our most important brands where year‑on‑year comparisons over a 12‑month period saw a decline of 8.0%.
– The Hour Glass Annual Report 2024
While recent comments by the leaders suggest a weaker first half of 2024, my long-term investment thesis remains unchanged.
I am holding on to my current stake.
Join Me in Supporting A Very Special Celebration!
Click here if you would like to support my effort in raising fund for Autism Resource Centre (Singapore). Read my previous post for more information and context of this fundraising event.
Discover more from Towards Financial Independence
Subscribe to get the latest posts sent to your email.